Bit Digital, Inc. (BTBT) vs HIVE Digital Technologies Ltd. (HIVE)

Bit Digital, Inc. and HIVE Digital Technologies Ltd. are both Capital Markets companies. HIVE Digital Technologies Ltd. is the larger, with a market value of $608.9M against $389.5M — 1.6× the size. HIVE Digital Technologies Ltd. grew revenue faster over the last twelve months: 157.5% against 23.6%. HIVE Digital Technologies Ltd. has the higher net margin (−98.5% vs −237.2%) and the higher return on invested capital (−18.8% vs −19.6%). Across the 17 metrics below, HIVE Digital Technologies Ltd. leads on 10 and Bit Digital, Inc. on 7.

Valuation

Metric BTBT HIVE Capital Markets median
P/E n/m n/m 14.20
P/S 2.74 1.63 2.00
P/B 0.64 1.28 1.51
Price to free cash flow n/m n/m 6.36
EV/EBITDA — — —
EV/Sales — — —
Earnings yield (109.38%) (63.55%) (3.94%)
Free cash flow yield (218.16%) (22.00%) (1.62%)

Profitability

Metric BTBT HIVE Capital Markets median
Gross margin 57.64% 36.12% 62.80%
Operating margin (225.29%) (48.45%) 0.00%
Net margin (237.20%) (98.51%) (0.55%)
Free cash flow margin (596.79%) (35.89%) 0.00%
Return on equity (50.79%) (66.39%) 0.00%
Return on assets (29.74%) (42.02%) 0.00%
Return on invested capital (19.62%) (18.81%) 0.00%

Growth

Metric BTBT HIVE Capital Markets median
Revenue growth (TTM) 23.59% 157.52% 20.70%
EPS growth (last fiscal year) (263.16%) (3,200.00%) 22.92%
Revenue growth, 5-year CAGR 40.07% 34.48% 18.16%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric BTBT HIVE Capital Markets median
Debt to equity 0.83 0.85 0.08
Current ratio 1.51 1.96 1.50
Net debt to EBITDA 7.85 0.38 (0.24)

Dividend

Metric BTBT HIVE Capital Markets median
Dividend yield — — 1.36%
Payout ratio — — 0.19

Size

Metric BTBT HIVE Capital Markets median
Market cap 389.48m 608.90m 565.91m

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